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Today's Mortgage Terms starting with E Equity: The difference between the current market value of a property and the total debt outstanding against the property. Escrow: A transaction in which a third party represents both the buyer and seller, or for borrower and lender, involving the handling of legal documents and disbursement of funds. In some parts of the US, escrow of taxes and insurance premiums are referred to as impound or reserves. View all Terms

Sioux mortgage loan news:

McCain, Obama offer dueling ideas to save economy - Sioux City Journal
WASHINGTON - John McCain and Barack Obama outlined steps to counter the faltering economy and plummeting stock market on Friday, fresh evidence of the dominant role of pocketbook issues in their race for the White House. McCain, lagging in the polls ...

Bank of America settles lawsuit over bad mortgages - Sioux City Journal
SPRINGFIELD, Ill. - Facing a lawsuit over deceptive mortgage practices, a Bank of America Corp. subsidiary has agreed to modify tens of thousands of loans to keep people in 11 states from losing their homes, the Illinois attorney general's office ...

Meta Financial Group Unscathed by Subprime Mortgages; Remains Well ... - MSN MoneyCentral
STORM LAKE, Iowa , Oct. 9 /PRNewswire-FirstCall/ -- Meta Financial Group CASH said today that the Company remains well capitalized by federal regulatory standards and continues to be unscathed by the steep decline in valuations in the national ...

Sign of the Times: National Debt Clock Runs Out of Digits - Wall Street Journal
The national debt clock, the unofficial tracker of the federal deficit maintained by the Durst Organization in New York, has reached its limits. Last month, as the national debt exceeded $10 trillion for the first time, the clock ran out of digits to ...

In slip up, Palin calls Afghanistan “our neighboring country” - Reuters Blogs
SAN FRANCISCO - Republican vice presidential nominee Sarah Palin called Afghanistan “our neighboring country” on Sunday in a speech that could revive questions over her tendency to stumble into linguistic knots. Three days after a mostly gaffe ...

Palin Goes After Obama-Ayers Connection - ABC News Blogs
ABC News' Imtiyaz Delawala reports: Republican vice presidential nominee Gov. Sarah Palin unleashed a new attack on Sen. Barack Obama, accusing him of "palling around with terrorists" for his association with former 1960s radical William Ayers. The ...

Federal bailout a boon for area homebuyers - Argus Leader
As the federal government moves to bail out mortgage giants Fannie Mae and Freddie Mac, the immediate trickle-down effect in Sioux Falls has been lower interest rates that are spurring a flurry of consumer activity. On Wednesday, local lenders ...

Culver outlines education policy in Sioux City - Sioux City Journal
Democratic gubernatorial candidate Chet Culver outlined his education proposals, including raising teacher pay, during a Sioux City visit Thursday. A former teacher, Culver proposed three steps he said will renew Iowa's commitment to education. "I ...

Economy: What happens now? - Sioux City Journal
WASHINGTON (AP) -- Scrambling for a swift deal on the $700 billion bailout for failing financial firms, key Democrats and Bush administration officials agreed Monday to include mortgage help for beleaguered homeowners but wrangled over other issues ...

Iowa governor announces $40M flood relief plan - CNBC
DES MOINES, Iowa - Gov. Chet Culver unveiled a $40 million "jumpstart Iowa" flood recovery plan Friday that he said would offer immediate help without the need to call a special session of the Legislature. "We have found a bridge, a $40 million ...